Carrolton, TX--PrimeSource Building Products, Inc., the largest full-service wholesale distributor of building materials specializing in fasteners in the U.S., announced today that PrimeSource Building Products, Inc. is acquiring Pacific Steel and Supply, one of the largest independent nail distributors on the West Coast. The parties expect the tranaction to close by the end of September.
"We are especially pleased to be acquiring Pacific Steel and Supply," said Ken Fishbein, Executive Vice President of PrimeSource. "Their skilled management and vast product selection are welcome additions that will positively benefit our growing company. I am confident in the future of PrimeSource and Pacific Steel and Supply, and we appreciate the continued support of our customers, suppliers, and employees."
Customers and suppliers of both companies should expect normal business operations throughout the course of the transaction. PrimeSource Building Supply, Inc. and Pacific Steel and Supply products and brands will continue to serve the market in their current form.